West Vancouver, British Columbia – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) is pleased to announce that it is continuing to get long intersections of excellent molybdenum mineralization outside the known resource area on the Company’s “Storie” molybdenum property deposit located in northern British Columbia.
In 2007, Columbia Yukon completed 76 drill holes (23,000 metres of core drilling). The 2007 drilling program was designed to reclassify the NI 43-101 inferred resource of 101.6 million tonnes grading 0.067%Mo to an indicated and/or measured resource. The objective of the 2008 drilling program is to test the areas to the north, south and west of the known resource area in an effort to significantly increase the size of the resource.
Thus far in 2008, Columbia Yukon has completed 4 core drill holes totaling 1888 metres. Drill holes ST08-97 and ST08-98 are located 50 metres south of the resource area. In this area the newly excavated drill pads exposed an outcrop of extensive molybdenite mineralization. ST08-97 showed molybdenite mineralization from surface to 375 metres. Drill hole ST08-98 showed good mineralization from surface to 337 metres. Drill holes ST08-99 and ST08-100 are located 50 metres north and west of the known resource area. Drill hole ST08-99 intersected molybdenite mineralization from 70 to 565 metres with very intense mineralization from 120 to 526 metres. Drill hole ST08-100 intersected molybdenite mineralization from 160 to 551 metres with intense mineralization from 200 to 500metres. Assays are pending.
This news release has been reviewed and approved by John Kowalchuk, P. Geo., who is acting as Qualified Person for the Storie Property Project in accordance with regulations under NI 43-101.
About Columbia Yukon Explorations Inc.:
Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie Molybdenum Property deposit located in northern British Columbia, 5km south of the Hwy from the former Cassiar Mine townsite.
For further information, contact Mr. Clive Shallow, investor communications at 604-922-2030 or visit the Company’s website at www.columbiayukon.com.
Columbia Yukon Explorations Inc.
"Ronald A. Coombes"
Ronald A. Coombes, President & CEO
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